Richard Russell – China: The Black Swan That Will Shatter Confidence Around The World
KingWorldNews.com
July 08, 2015
As people continue to digest breaking news out of Greece and around the world, the Godfather of newsletter writers, 90-year-old Richard Russell, warned that China may be a black swan that will shatter confidence around the world.
Richard Russell: “The prevailing worry is about whether Greece will or will not exit the euro. From the stock market’s standpoint this is a nonevent. The only ramification would be if Greece left the Eurozone and this set off a parade of followers such as Portugal, Spain and even Italy.
Personally, I am much more worried about the building bear market in China and the planet’s second largest economy sinking into a recession … there is no telling the ramifications. One immediate result would be less movement of goods, and this may be showing in the Transports.
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